Sunday

Lessons from the live room: today’s trades

Due to time zone differences, a number of attendees in the live room were unable to stay to witness morning prep (wanting to get long up to 0.7407) come to fruition. So here is a recap of how the day played out if you missed it. The chart below shows all of the trades taken during the Asian session.

Click on image to enlarge

You’ll notice it took three attempts before we finally got set.
You’ll also notice how the long trade was broken into two portions. This was based on “fuel consumption” plus auction participants unwilling to take prices higher, at that specific moment in time, hence the initial profit take.
When conditions changed the re-entry was taken, to make the most of the “long liquid lunch” phenomenon as discussed in prep.